Question
On January 1, 2021, Concord Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock
On January 1, 2021, Concord Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account.
| February 1 | Issued 126,000 shares | |
| March 1 | Issued a 10% stock dividend | |
| May 1 | Acquired 101,000 shares of treasury stock | |
| June 1 | Issued a 3-for-1 stock split | |
| October 1 | Reissued 62,000 shares of treasury stock |
Determine the weighted-average number of shares outstanding as of December 31, 2021.
| The weighted-average number of shares outstanding | enter the weighted-average number of shares outstanding as of December 31, 2018 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
